Emerald Mutual Fund Advisers Trust increased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 8.3% in the first quarter, HoldingsChannel.com reports. The firm owned 349,295 shares of the semiconductor company’s stock after acquiring an additional 26,838 shares during the quarter. Kulicke and Soffa Industries accounts for 1.1% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 24th largest position. Emerald Mutual Fund Advisers Trust’s holdings in Kulicke and Soffa Industries were worth $22,956,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Summit Securities Group LLC purchased a new stake in Kulicke and Soffa Industries during the first quarter worth about $26,000. Meeder Asset Management Inc. acquired a new position in Kulicke and Soffa Industries during the fourth quarter worth about $30,000. Advisory Services Network LLC acquired a new position in Kulicke and Soffa Industries during the third quarter worth about $29,000. Salomon & Ludwin LLC increased its holdings in Kulicke and Soffa Industries by 48.4% in the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 254 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Kulicke and Soffa Industries in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
Kulicke and Soffa Industries Trading Down 6.1%
NASDAQ:KLIC opened at $106.49 on Tuesday. The company has a market capitalization of $5.57 billion, a P/E ratio of 102.39 and a beta of 1.62. The firm has a 50-day moving average price of $110.20 and a two-hundred day moving average price of $81.38. Kulicke and Soffa Industries, Inc. has a twelve month low of $31.32 and a twelve month high of $135.80.
Kulicke and Soffa Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, June 18th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s payout ratio is currently 78.85%.
Analyst Ratings Changes
KLIC has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.25.
Check Out Our Latest Stock Analysis on Kulicke and Soffa Industries
Insider Transactions at Kulicke and Soffa Industries
In related news, CEO Lester A. Wong sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the sale, the chief executive officer owned 50,743 shares of the company’s stock, valued at approximately $6,175,930.53. This represents a 54.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nelson Munpun Wong sold 15,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $113.72, for a total value of $1,705,800.00. Following the sale, the senior vice president owned 71,369 shares in the company, valued at approximately $8,116,082.68. This trade represents a 17.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 98,051 shares of company stock worth $11,333,480 in the last quarter. Insiders own 1.20% of the company’s stock.
Kulicke and Soffa Industries Profile
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
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